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<br />- <br />. , <br /> The <br /> Depo <br /> Depo <br /> Total <br /> Gros <br /> Costs <br /> Depo <br /> Roun <br /> Total <br /> List <br /> Wit <br /> Eco <br /> Esti <br /> Tim <br /> <br />$16,084,555.55 of non-taxable certificates of obligation is comprised of: <br />sit to Project Construction Fund $14,000,000.00 <br />sit to Capitalized Interest Fund $1,685,197.54 <br />Underwriter's Discount (0.900%) $144,360.00 <br />s Bond Insurance Premium $101,207.96 <br />of Issuance $105,000.00 <br />sit to Debt Service Fund $44,555.55 <br />ding Amount $4,234.50 <br />Uses $16,084,555.55 <br /> <br />of All Proposed Public Works or Public Improvements <br />hin the Zone <br /> <br />A 75,000 square foot (approximate) conference center capable of <br />seating 1 ,000 people for a banquet style event. <br /> <br />nomic Feasibility Study <br /> <br />Exhibit B contains an economic and market feasibility study prepared <br />by City staff for the proposed commercial development to assess the <br />market for the proposed project. The study concludes that the <br />proposed development is feasible and the demand for the project is <br />strong. <br /> <br />mated Amount of Bond Indebtedness <br /> <br />It is anticipated that the City will issue $22,904,093 in Certificates of <br />Obligation to cover the costs of the Conference Center. Exhibit C <br />contains the debt service schedule. <br /> <br />ing of Incurring Costs or Monetary Obligations <br /> <br />Exhibit D shows the projected residential and commercial build out <br />schedules for the Zone. Exhibit E shows the anticipated time frame <br />during which reimbursement payments from tax increment revenues <br />from the Zone could be made based on the revenue derived from the <br />estimated build out schedules. <br /> <br />6 <br />